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Figure: Water Works
-(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If the water works is unregulated and maximizes profit, how many customers will it serve?
Intermittent Schedule
A type of reinforcement schedule in behavioral psychology where rewards or consequences are applied at irregular intervals to shape behavior.
Continuous Schedule
A system or plan that operates or is in effect without interruption, often used in production or service delivery to ensure constant output.
Behaviour
The way in which one acts or conducts oneself, especially towards others, driven by internal or external stimuli.
Immediate Reinforcement
The provision of a reward or penalty right after a specific behavior, to increase the likelihood of that behavior occurring again.
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